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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (40509)	3/21/2005 10:15:47 PM
From: ihor43us	Respond to of 206223

"To produce goods worth $10,000, for example, we need seven times more resources than Japan, nearly six times more than the United States and, perhaps most embarrassing, nearly three times more than India. Things can't, nor should they be allowed to go on like that." DANG! seven times more that Japan. Imagine that! So, to make a car they use seven times more steel, glass and rubber than Japanese do to make a car. Well, no wonder China will collapse. Cars with 28 wheels - you would spend all your time pumping air into them. There goes productivity. Or maybe their cars have wheels that are humongous. Lets see, a Toyota weighs about 3000 pounds. So a Chinese car would weigh, gee a lot. Wish I was smart enough to figure that out. Wouldn't that use a lot more gasoline? Of course, there is that EXTRA 5 million barrels a month we won't need. Right? Just crank up the refineries. Hmmm, being a permabull I am not very smart, but just maybe he was referring to something else? Maybe the labor components in the different country's products? $10,000 worth of goods manufactured with $20/hr labor will have a smaller "resources" component that $10,000 worth of goods manufactured with $.50/hr labor. But I am just guessing. I guess the interviewer must have been a permabull - he was too stupid to ask for a clarification. As for the rest of the article, sorry, but I fell asleeep before I could finish it. Us permabulls sure have a lot to learn. Lucky you're around to help. Thanks. Ihor da permabull

To: SliderOnTheBlack who wrote (40509)	3/22/2005 1:07:02 AM
From: jim_p	Read Replies (1) \| Respond to of 206223

Slider, "...not that it matters; because 75-90% of them got blindsided by the last 3 Oilpatch cycles and nothing will change when this one rolls over." It takes a certain personality type to be an energy perma bull. You or anyone here can preach the facts of the current cycle or the history of all prior cycles, but the simple fact is the same people who believed that "it is different this time" in prior cycles and gave back their hard earned profits as the cycle rolled over are the same people who are going to do it all over again when this cycle rolls over and for the same reasons. Who ever said you can teach a old dog new tricks??? Jim

To: SliderOnTheBlack who wrote (40509)	3/22/2005 7:32:25 AM
From: Ed Ajootian	Respond to of 206223

Looks like its a good time to be shorting some closed end China mutual funds. Wondering whether anyone has looked into or actually done this.

To: SliderOnTheBlack who wrote (40509)	3/22/2005 10:42:49 AM
From: Taikun	Read Replies (2) \| Respond to of 206223

Slider, <- the vast majority of Bulls on this thread earned an "F".> I'm curious. Does Matt Simmons get one of your 'F's? What does Matt Simmons get? D

To: SliderOnTheBlack who wrote (40509)	3/22/2005 10:42:57 AM
From: mred1998	Read Replies (2) \| Respond to of 206223

Slider, you seem like a sharp guy. But comments like this show more than a touch of arrogance, >>Most Energy Bulls do not have even an elementary understanding of the China Story...nor it's Boom to Bust risks, or implications.<< How in the h*ll would you know this about me or anyone else? As far as energy goes, I'm a long term bull. I was 80% invested in energy and have now dropped back to 60%. If there is a sizable dip I will buy, if not I will participate in the continuing ramp up. What I painfully learned from the homebuilders is that if the sector is in a long term uptrend, the big money is made on the long side. There will be dips and pull backs and a little money could be made on the short side, but you have to be super nimble, and I'm not. Why go through that aggravation and pain? Go long and lighten up when things seem frothy. Buy the dips! If you keep saying that the energy sector will pull back, you will be right eventually, but not very often. Good luck to you on your shorting strategy, but if you put as much effort in the long side, you will make MUCH more money. Mr Ed.